Los Angeles Tennis Club
- Assets
- $6.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Los Angeles, CA
- Founding
- 00/0000
- Data as of
- 10/2019
- EIN
- 95-0951420
Organization Overview
Los Angeles Tennis Club is located in Los Angeles, CA. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2017, Los Angeles Tennis Club employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2019, Los Angeles Tennis Club generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.4m during the year ending 10/2019. While expenses have increased by 4.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
RECREATION AND SOCIAL ACTIVITIES FOR THE COMMUNITY ADULTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL FACILITIES
ATHLETIC,SOCIAL AND CULTURAL EVENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Faure General Manager | Officer | 50 | $206,256 |
Helinda Salonga Controller | 50 | $115,838 | |
Victoria Carrington Vp/family/ent | OfficerTrustee | 3 | $0 |
Peter Lizotte President/finan | OfficerTrustee | 3 | $0 |
Valerie Ulene Membership | OfficerTrustee | 3 | $0 |
John Mccarthy Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $7,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,456 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$334,257 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,531,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,164 |
| Fees for services: Accounting | $18,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,316 |
| Advertising and promotion | $251 |
| Office expenses | $124,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $198,067 |
| All other expenses | $72,059 |
| Total functional expenses | $2,377,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,422 |
| Savings and temporary cash investments | $671,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $329,509 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,902 |
| Prepaid expenses and deferred charges | $25,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,934 |
| Total assets | $6,943,559 |
| Accounts payable and accrued expenses | $286,254 |
| Grants payable | $0 |
| Deferred revenue | $13,173 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $299,427 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,644,132 |
| Total liabilities and net assets/fund balances | $6,644,132 |
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